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Updated about 2 years ago,
First rental property legal structure
Hi All - I'm currently in the process of shifting my primary residence to a rental and moving into a new home. Its a single family home in Philadelphia, so I don't need a huge infrastructure but wanted to check and see the best legal structure. I know a lot of investors use an LLC structure... what would be the steps to set that up? Are there other alternatives that may be better to consider like umbrella policy insurance?